Option King was an unlicensed binary options broker owned by Advanced Option Cаpitаl, that we first noticed in November of 2015.
Option King uses a binary options trading platform called Panda Trading System. The software allows for day traders and investors to trade “Hyper Options”, 30 & 60 second options, 2 min, 5 min and 10 minute options. Also available are High/Low, One Touch and Range options.
The returns on the binary options vary depending on the assets and expiry times. The range is from a low of 60% to as high as 81%. Included in the trading software is a Follow & Copy feature. This gives traders to ability to copy the trades of other people or to follow (replicated) the trades of a trader.
The Option King website is only available in English, but the trading software is also available in German, French, Spanish, Arabic and Russian.
You probably found OptionKing from a FAKE trading system like Tesler App.
These systems do not make money, and are just a scam. You can see real software here.
When you are comparing the various binary option brokers online, the first thing real investors check, is for a valid license. The license can come from CySEC which is the European Financial Regulator in Cyprus, from the CFTC in America, or from ASIC in Australia.
On June 6th 2013, the US SEC wrote an investor alert regarding binary option scam brokers. Read entire alert on the SEC website here.
See which brokers hold a license to operate as a licensed broker on the Regulated Brokers Page.
When reviewing OptionKing, we do not see a brokers license on their website.
Option King is owned by Advanced Optiоn Cаpitаl. Their address is: P.О. Box 1823, Kingstown, VC0100 St. Vincent & the Grenadines. Their phone number is: United States (888) 259-6885 and Canada: (647) 258-5439. Their support email address is [email protected]. Official Website: http://www.OptionKing.com
Compare Option KingNadex is the CFTC regulated binary options exchange in the United States and most Americans trade with Nadex. You should try them out with a free demo account, see here.